FOR IMMEDIATE RELEASE
Media Contact: Rick Harris - 703-535-7433 or harrisr@pcia.com

Wall Street Heavy Hitters Join Major
Tower CFOs at PCIA Show

Wireless Infrastructure Outlook Brightens as Investor Interest Heightens

Wednesday, August 27, 2003, Alexandria, VA --- PCIA, The Wireless Infrastructure Association announced today that David Tomick, CFO of SpectraSite, Ben Moreland, CFO of Crown Castle, Brad Singer, CFO of American Tower, Jeffrey Stoops, CEO of SBA and John Kelly, CEO of Crown Castle will join a list of investment industry heavy hitters to discuss new tower spending projections and new tower revenue streams in the tower industry. They will be speaking at the VIP Wireless Investor’s Conference at PCIA’s Wireless Infrastructure Conference & Expo, October 2nd from 1:00pm – 5:00pm at the Westin Diplomat Resort & Spa in Hollywood, Florida.

The first year event is sponsored by Daniels & Associates (www.danilesonline.com) one of the most prominent leaders in financial services to the telecommunications, media, and Internet industries.

Other prominent guest speakers, addressing the investment climate include James Ballan, Associate Director, Bear, Stearns & Co.; Richard Prentiss, Vice President, Raymond James & Associates and Robert Kricheff, Managing Director, Credit Suisse First Boston Corporation.

“We’re partnering with PCIA to provide the industry’s best forum to discuss new investment opportunities in wireless infrastructure,” said Don Bechter, Senior Vice President of Daniels & Associates. “It’s a rarity when you can get this many people in one room to offer strategic advice on where the money is going in wireless infrastructure. This event features the best analysts briefing their best customers on the future of the tower industry.”

Confirmed VIP guests represent the spectrum of the financial and investment community super-stars and include major investors and equity analysts from Bear Stearns & Co., Goldman Sachs, American Express, GE Structured Finance, T. Rowe Price, Raymond James & Associates, RBC Capital, Circle T Partners, Deutsche Asset Management, Nations Media Partners, Deephaven Capital, Andor Capital Management, Och Ziff Friedheim, Shopkorn Management, Glenview Capital Management, HighPointe Group, Hopewell Capital, Shurnway Capital, Pilot Rock Capital, TCS Capital, Fidelity, SAC Capital Advisors, Lone Pine Capital, Wanger Asset Management and Rabobank International. These financial visionaries will directly connect with CFOs and CEOs from the tower industry for an open and honest dialogue with economic impact.

“Analysts and investors are going to hear their news directly from the tower company CFOs that make the decisions. This news could significantly change their investment plans in a positive manner,” said Julie Coons, Executive Vice President of PCIA.

Among issues to be discussed in this candid dialogue are:

• The affect of emerging technologies on cash flows
• The results of cost cutting on customer retention
• The overall diversification of the tower business,
• Emerging homeland security opportunities
• Where the highest return on investment is going to take place over the next five years

Coons added, “Investors realize you need towers to make wireless voice and data possible. Our members are critical to the deployment of more advanced services, and the tower business itself is taking a leadership role in making new technologies happen. Everyone wants to know about how wireless backhaul, Wi-Fi and collocation are going to fit into the overall wireless landscape. Attendees at this event will get those answers and more expert forecasting from our seasoned financial investors.”

“We’ve got powerhouse financial leaders joining Wall Street veterans for an honest discussion which means the investment community is taking the tower business very seriously. This is a business we know, we’re heavily involved in and we can’t wait to hear from the experts,” said Bechter.

The VIP Wireless Investors’ Conference, sponsored by Daniels & Associates, will clearly outline and demonstrate to attendees the positive future towers have as investments and identify the integral players in the wireless value chain.

For up-to-date conference PCIA Conference & Expo registration, education and exhibitor information, please go to www.pcia.com.

About Daniels & Associates
Based in Denver, CO, Daniels & Associates assists clients with mergers & acquisitions, private equity & debt financings and financial advisory engagements. Daniels is a prominent force in the U.S. mergers & acquisitions market with more than $97 billion in total transactions. The company’s technical expertise, market knowledge and worldwide relationships give its clients a competitive advantage. Daniels offers a multi-disciplined team of senior-level, experienced professionals. They are available to work on all types of engagements, enabling clients to receive the best possible results. For more information, please go to www.danilesonline.com.

About PCIA
PCIA is an association of companies that seek the advancement of the wireless communications industry through advocacy, technical and marketplace initiatives. PCIA supports programs and policies that expand the growth of the wireless network infrastructure and deployment industry. PCIA’s goal is to create a better financial and business environment in which its members can grow and succeed. For more information, please go to www.pcia.com.

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